Dave's Blog

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Mortgage and Lending - Signet Mortgage
Real estate locally in Bend, OR can be impacted by the global economies. We are watching the key variables hourly to make sure you will get the best possible interest rates.
RECENT BLOG POSTS
What a raucous month in the bond markets (see the red bars in the chart below.) Treasury bonds and mortgage-backed securities had record bad days on Wednesday only to recover some on Friday and continue in a positive direction this morning. So 30-year fixed, conforming loan rates that bounced up ...
04/17/2010
Well, we are off to a post-healthcare-legislation start in the markets and stocks are off a bit with bonds up in a flight-to-quality move. But it is only very slight and appears to be more attributed to the fears of Greek financial support drifting away.  The sovereign debt issue is going to domi...
04/17/2010
There was pressure on bonds during the week from two fronts, but even with a bit of an unfavorable slide in MBS, Signet's 30-year residential mortgage rates stayed at 4.750% for the price of an origination and normal closing costs. Pressures came from economic news threatening some inflation and ...
04/17/2010
We said at the outset of the week that the story would be Jobs, Jobs, and Jobs.  In fact, it was all of that.  The surprise was that the information for February Non-Farm Payroll (NFP) and updates for January were all better than expected.  And even with the improvement that WAS expected from cen...
03/10/2010
Here's one we wish was not "up and to the right"!  Thanks Spencer.  Make sure you call me when you are headed to Bend.  -Dave Woodland, Signet Mortgage, 541.318.0888This paper scared me very badly, so as a form of therapy I figured I’d share it with you. Misery loves company, after all. Governmen...
03/05/2010
While last week was full of economic news with a big impact on the financial markets, this week is looking to be even bigger.  The theme for the past 5 days was weak economic recovery. This was particularly seen in housing numbers and consumer confidence, both much lower than expected.  Even the ...
03/04/2010
Remember those tax rebate checks of a couple of years ago.  Here is some info from NBER (the economists who define recessions & recoveries) and UofM (where they measure consumer confidence) about the spending/savings resulting from the rebates. (via Spencer Rascoff - Thanks Spencer!)As readers of...
02/25/2010
Interesting real estate finance and economic points to consider today.  We'll try them in bullet point format: Mortgage Rate Info 30-yr fixed up slightly to 4.875% for the price of an origination and normal closing costs, both conventional and FHA 10-yr T up to 3.78% yield after hovering near 3.6...
02/23/2010
The various jobs reports numbers and revisions had a favorable impact on mortgage-backed securities in the week.  The home mortgage rate available through Signet Mortgage for conforming, 30-year fixed is riding at 4.750% for the price of an origination.  The stock market has taken a beating causi...
02/08/2010
We're all hoping the banks become more efficient at accepting and processing Short Sale requests.  Here is a nice summary of the HAFA program from Alisha.As if we needed ANOTHER acronym, here comes HAFA! Unveiled at the end of last year, the new HAFA rules will take effect April of 2010. So what ...
02/03/2010
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Dave Woodland

Your Bend, OR Friendly, Knowledgable Mortgage Professional
local_phone(541) 318-0888
smartphone(541) 749-0006
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At least weekly, I write about what is happening that may affect interest rates and mortgage-backed securities for the coming days.